NextEra Energy Resources completes the sale of Rhode Island natural gas-fired power plant to Entergy

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Dec 21, 2011, 07:00 ET

JUNO BEACH, Fla., Dec. 21, 2011 /PRNewswire/ -- NextEra Energy Resources, LLC, the competitive energy subsidiary of NextEra Energy, Inc. (NYSE: NEE), today announced that its subsidiaries have completed the sale of their ownership interest in the approximately 583-megawatt Rhode Island State Energy Center (RISEC), located in Johnston, R.I., to subsidiaries of Entergy Corporation for approximately $346 million, subject to customary closing adjustments.

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RISEC recently completed work with Siemens to uprate its combustion turbines, increasing the facility's nominal capacity to approximately 583 megawatts from 550 megawatts. A NextEra Energy Resources affiliate will operate RISEC for an initial period of one year under a service contract.

NextEra Energy Resources continues to own and operate a diverse mix of clean generating assets in 22 states and Canada, with a combined capacity of more than 16,520 megawatts.

About NextEra Energy Resources

NextEra Energy Resources, LLC, is a clean energy leader and one of the largest competitive energy suppliers in North America. A subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc. (NYSE: NEE), NextEra Energy Resources is the largest generator in North America of renewable energy from the wind and sun. It operates clean, emissions-free nuclear power generation facilities in New Hampshire, Iowa and Wisconsin as part of the NextEra Energy nuclear fleet, which is the third largest in the United States. NextEra Energy had 2010 revenues of more than $15 billion, and as of Dec. 31, 2010, nearly 43,000 megawatts of generating capacity, and approximately 15,000 employees in 28 states and Canada. For more information, visit www.NextEraEnergyResources.com.